301 Ashland Ave, Santa Monica, CA 90405 – 24-420295

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Gianna Silvaggio

gsellslv@gmail.com +1(702) 236-2664

$ 6,695,000

Est. payment | -/mo

13 Beds

11 Baths

7,424 SqFt

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$ 6,695,000

Est. payment | -/mo

Save

13 Beds

11 Baths

7,424 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,424 sqft

Price per Sqft $901

MLS Listing ID 24-420295

Bedrooms 13

Year Built 1960

Lot Size 7,729 Sqft

Acres 0.1774

Property Description

ASSUMABLE FINANCING of approximately $3,800,000 @ 3.3% per annum for approx. 7.5 years, amortized over 30 years. Listed at $400,000 below the last sale. Exceptional 9-unit apartment building just 3 blocks to the beach. Seven of the nine units have been significantly renovated, including central heat/air, in-unit washers/dryers, appliances, kitchen and bathroom remodels, and contemporary flooring. Extensive exterior restoration including landscaping, all new windows, smooth re-stucco, hardware, front doors, handrails, new concrete parking surfaces, new electrical panel and meters, and much more. Unit mix features five 1-bedroom units and four 2 bedrooms, 2 bath units, 2 of the units having a penthouse like feeling with private ocean view decks. There are two long-time tenants paying a miniscule of their market-value. Current ownership has NOT offered these two tenants cash for keys. 16 off-street parking spaces.

Location

State CA

County Los Angeles

Area Santa Monica

Zoning SMOP2*

Rooms

Other Rooms None

Interior

Heating Central

Cooling Air Conditioning, Central

Equipment Dishwasher, Dryer, Washer, Range/Oven, Refrigerator

Exterior

Garage Carport, Carport Attached, Driveway, Tandem, Offsite, Uncovered

Garage Spaces 15.0

Building

Story 3

Level or Stories Multi/Split

Others

Special Listing Condition Standard

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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Keller Williams Larchmont

+1(702) 236-2664

gsellslv@gmail.com